Mutual of America Capital Management LLC Trims Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mutual of America Capital Management LLC reduced its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,878 shares of the company’s stock after selling 1,019 shares during the period. Mutual of America Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $4,763,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Capital International Investors grew its holdings in shares of Royal Caribbean Cruises by 1.0% during the first quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock worth $4,114,203,000 after buying an additional 286,868 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Royal Caribbean Cruises by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock valued at $3,532,143,000 after purchasing an additional 132,079 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Royal Caribbean Cruises by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after purchasing an additional 400,565 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $79,392,000. Finally, Capital International Inc. CA lifted its holdings in shares of Royal Caribbean Cruises by 3.3% during the first quarter. Capital International Inc. CA now owns 601,917 shares of the company’s stock worth $83,672,000 after purchasing an additional 19,065 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RCL has been the topic of several recent research reports. Morgan Stanley boosted their price objective on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Barclays raised their price objective on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. boosted their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Argus raised their price target on Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Truist Financial upped their price objective on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $182.31.

Insiders Place Their Bets

In other news, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the transaction, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the transaction, the director now directly owns 25,837 shares in the company, valued at $4,095,164.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The disclosure for this sale can be found here. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Stock Up 1.7 %

RCL stock opened at $174.05 on Friday. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $174.48. The firm has a market capitalization of $44.79 billion, a PE ratio of 22.43, a P/E/G ratio of 0.49 and a beta of 2.61. The company’s 50 day simple moving average is $160.46 and its 200-day simple moving average is $149.38.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the business posted $1.82 earnings per share. Royal Caribbean Cruises’s revenue was up 16.4% compared to the same quarter last year. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.